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business, all segments of our business and all geographic areas. so it's very comprehensive. >> toyota is a big brand for the autonation brand. clearly that was taken out of the mix in february. how did it behave in march and what dow expect from the toyota brand for autonation. >> well, what we saw with this crisis was that the fundamental trust and confidence that toyota customers had in the brand and the product toyota remained. and the american people are very forgiving. but they would like a gesture. so we communicated to toyota at the end of february that some level of incentive was appropriate considering the circumstances. and they came with a very nice program. and toyota customers responded dramatically to it. for us, our toyota business was up 38% in march compared to a year ago. >> how have your ford dealers been behaving. >> ford's done very well, up 40% for the entire quarter so it's very impressive number. ford accrued a dramatic brand goodwill from the american people by not taking a government bailout. then they had extraordinary products there ready and waiting. becau
size underneath that seat, too. new developments on toyota, reports suggesting the company notified the european distribute tors about sticking -- distributors and sticky gas pedals weeks before telling the u.s. government and why would that be, if true and the fox business network, cheryl casony is working that sorry, and the information shows toyota hid the information from the u.s. on purpose? >> it potentially could show that, yes, they hid it from the u.s., and, they also mischaracterized the issues, with the vehicles. and it goes back to september, bill, for toyota, they notified europe, western european distribute tors in israel and turkey of sudden acceleration and brake problems and toyota still maintains, as of today, these were separate issues. and expect that that of course is going to be questioned, going forward. because they say we notified europe about these issues but the u.s. issues were different. but, if you look at the documents, bill, the associated press pulled together, and examined, the same documents that ray lahood, the transportation secretary looked at,
to the financial disaster. and the story behind toyota getting slapped with a huge $16 million fine. but first the morning top headlines. >> the futures are indicating that we'll have a slightly weaker open. we had a rally yesterday. we had a move higher crosses 4% but right now it suggest as slightly lower open. australia central bank jumping by 25%, a 14-month high. also signalinging future moves in the future. an explosion ripping through a west virginia mine owned by mass see energy. four miners are still missing underground. they have a history of safety violations. three fatalities since 1998 and a worst than average injury rate during the last ten years. they are the largest coal producer in central ap lach cha. luds gud mob are you aglet's ge more reaction. david, good to talk to you. have you been given -- has the analyst community been informed by anything in the last 12 hours or so as a result of the mining accident? what can you tell snus? >> the company put out a press release to confirm the explosion and the deaths and that's pretty much it. i think right now we expect them to te
gains we had yesterday. we had toyota in focus yesterday. moody's cutting the, elsewhere in shanghai, the composite, 1.1% lower. we're seeing more measures, fresh measures by the government to cut circulation. that is weighing on the index there. the hang seng down 0.3%. in south korea, the kospi sliding 0.4%. the bombay sensex rising to the up side, up 1.3%. and the australian market down almost 1%. how is all this impacting the ftse cnbc global 3 hunl index? let's check to see how that is faring in light of what's happening in the equity market. we are waiting for it to come up. just give us a little bit of time so far. nicole, it is one of those things on a thursday morning. what can i say? >> i like to call it a friday eve, christine. it makes it sounds a little better. regardless of the charts, let's take a look at what we're seeing in the united states. lower across the board with dow futures down about 8 below fair value right now. excuse me. they are a little bit lower, actually. so are nasdaq futures and s&p 500 futures. we have about 100 of the s&p 500 companies reportsing
roll over. guess what? another toyota recall. i'm brian wilson, headquarter headquarte headquarter, live from the nation -- america's news headquarters, live from the nation's capital right now. across europe and around the world, air travel is grinding to a halt because of the icelandic volcano that continues to build smoke and ash thousands of feet in the air. the situation is even threatening to scuddle the president's plans to attend the funeral of polish president lech kaczynski. only 5,000 flights in the air over europe today. on a normal day, there would be almost five times that number. our own greg palkot is one of the thousands of stranded travelers. greg is stuck in dubai because his flight to europe was canceled like most of the other flights bound there. greg, what is the latest with travelers and flight schedules where with you are? >> hey, brian. we're stranded like tens of thousands of others around the world, thanks to the volcanic ash cloud across europe. we were traveling back from an assignment in yemen and hoping to transit today to london through this major ai
coming from phil lebeau. >>> breaking news from toyota, it will recall 50,0002003 model year toyota sequoias to upgrade the software in the vehicle stability control. this is similar to the issue that we saw with the lexus gx 3450. no injuries, no accidents contributed to the issue with the software in the 2003 sequoias, but, again, toyota recalling 50,000, 2003 toyota sequoias for vehicle stability control upgrades. guys, back to you. >> this is in addition to what we saw after that consumer reports came out with the lexus and then recommending, of course, that the lexus be recalled. >> right, correct. we're talking about stability control and whether or not the system, the software, the logic that they call it within the software is functioning at optimum capacity in terms of how it should be working. that is upgraded as part of this recall. again, toyota saying no accidents, no injuries reporting from this problem. >> thanks very much, fill lebeau. >>> let's go back to our greece panel there. they're still there. matt hogan, andy believes there is a play here. i want to get in th
day now. plus the aggressive incentives toyota is putting out there. are they going down the same road that, well, hey, look, gm would not say that was such a wonderful road, was it? should toyota beware? and here are your morning movers. still hovering shy of 11,000. your biggest mover today is celgene and amazon on the move. we'll be back. >>> 45 minutes into the trading day. the dow up more than 10% since the february lows. boeing, du pont and disney, the biggest gainer on the blue chip index. auto nation, one of the best performers on the s&p. the company boosting earnings guidance for first quarter. and las vegas sans, u.s. steel, also hiting fresh 52-week lows. matt nesto told you yesterday about success in mccaw. we talked about las vegas sands. what else you got going on today, mr. nesto? >> let me talk about some of the upgrades, you mentioned the dow leaders. only eight stocks higher here today. du pont, pfizer and disney get upgraded this morning. du pont goes to neutral. off the underperform list at ba meryl this morning. you can see it is up .6%. pfizer, jpmorgan, is sayin
to a lower court to determine whether that move was legal. first, it was sudden acceleration. now toyota is having the exact opposite problem with some of its vehicles. the japanese automaker recalling 50,000 of them due town expected slowing. the recall effects 2003 year model toyota sequoias. the company reports the problem involved the suv's electronic stability control system which maintains traction during turning. toyota claims the system can kick in at low speeds thus preventing the driver from accelerating as quickly as he or she might like it. fixed the problem midway through the model year and it's already repaired about half of the affected vehicles. toyota has recalled more than 8 million vehicles all totaled worldwide since just last fall. pope benedict the xvith may apologize for the church's handling of sexual abuse cases. that's what the cardinal in charge of those cases is now reporting. he tells the public broadcasting service that the pope may offer the apology when priests from around the world visit the vatican in june. some the victims claim the pope didn't do nearl
, you know, reinvent itself and re-gain public trust. most recently toyota, correct? we saw commercials on the air all over the place. i'm wondering what goldman will actually do to restore public trust in the company. >> you make a good point with the toyota comparison, too, and others have pointed out to me that america loves to find a corporate villain when there's something going wrong. high energy prices and oil companies were the villain. high drug prices and drug companies were the villain and maybe rightfully so, but we've moved on in some cases from those debates and now it is goldman sachs and wall street that is in the crosshairs. will we move on from this again or is senator carl levin and this committee and others including the sec going to get to the bottom of the behavior that may have led to the bubble and make some real changes? we're still in the thick of it. you remember the toyota ads, was there a bit of an apology to that and mistakes were made, but the acknowledgement that the company made mistake, we certainly remember that from toyota's lesson. >> and lloyd blank
ellis of the linn group. you bet. toyota is temporarily suspending sales of one of its lexus suvs - after consumer reports put it on a "do not buy list." the auto magazine says it tested the 2010 lexus gx 460 suv for emergency handling... and found that it's at risk of rolling over... although consumer reports said it was not aware of any such incidents. it also says the gx's electronic stability control does not work fast enough to stop a potential slide. in the past 3 months, about 5 thousand models have been sold. a lexus spokesperson said "our engineering teams are vigorously testing the gx using consumer reports' specific parameters to identify how we can make the gx's performance even better." "our engineering teams are vigorously testing the gx using consumer reports' specific parameters to identify how we can make the gx's performance even better." for drivers who already own that suv, toyota is providing a loaner car until it clears up the situation. if you haven't done it yet, you do still have a few more hours to get your 10-40 into the tax- man. some post offices a
geithner speaking in new delhi. >>> u.s. regulators want to slap toyota with a civil penalty, amounting to about $16.4 billion, the biggest fine for an automaker in history. toyota failed to notify quickly about its defective pedals. toyota will not directly address the fines, but says it has taken the steps to improve communication issues. >>> south korea will recall 13,000 vehicles sold in the country because of suspected defaults. all the suspected models have floor mats which could hamper the operation of the pedals. nicole. >>> in the united states, 25 people have been killed in a blast in west virginia. four people are still unaccounted for and rescue operations have been halted. the blast happened monday afternoon at the upper branch mine. the cause is unknown, but the mine has a history of violations for not properly ventilating highly combustible gas. massey fell more than 5% in after hours trading. >>> the finance chairman will be watching china's currency practices closely in the next week to decide on what legislation congress should pass on the issue. saturday, treshgry sec
focus. >> susie: toyota's legal battles will be waged in a federal courtroom in los angeles. a judicial panel decided that today. it affects more than 200 lawsuits against the automaker filed around the country. it also means one judge will make the pre-trial decisions for all the cases. some suits are by toyota owners claiming their vehicles have lost value. others are asking for money for injuries from sudden acceleration problems. toyota has recalled more than eight million vehicles worldwide for issues with their gas pedals and brakes. >> tom: here's what we're watching for next week. our friday market monitor guest is dr. hans black, chairman of inter-invest. on monday, alcoa kicks off the first quarter's earnings season. later in the week, we'll see results from bank of america, general electric, google and j.p. morgan. monday, u-s/china relations. we'll look at the currency and trade issues, as the leaders of both countries meet. >> susie: netflix customers who want to see popular movies like "avatar" will have to wait even longer. today, the online movie rental company and twent
news on toyota. just agreeing to pay a record, mark, fine. this is $16.4 million. it's to u.s. safety regulators for the government's claim it delayed a massive accelerator pedal recall in january, and again, to give some perspective, that is a very small amount for a company like toyota. most fines are relative to the reputational issues, but when you think about wall street and the fines, for example, what this may cost goldman sachs, it's always the reputational issue that's much more costly than the actual fine. >> yeah. plus, now they've got that issue with their big suv, withdrawing it from sales because of safety concerns. hasn't been a good year for toyota. >> no, it has not. well, the s.e.c. reportedly investigating other mortgage deals by wall street's biggest firms after accusing goldman sachs of fraud. now we are going to be joined by senator kay bailey hutchison, republican member of the senate banking committee. she was obviously with us last week, and well, a lot of things have happened since then. senator hutchison, good to have you with us. we appreciate it. >> thank
or so, officials from toyota have now reported that they are taking one of their very popular models off the market after an extremely rare warning from "consumer reports" magazine. it says do not buy the lexus gx 460. toyota owns the upscale lexus brand. "consumer reports" says the suv has a problem with its stabilization system. in short, it could just roll over. drivers for the magazine reported a fishtail effect that could cause the vehicle to upend itself. toyota now reports it will at least for now stop selling the gx 460. we're told the company will conduct its own tests on the suv and then decide what to do next. toyota is already suffering a bruised reputation after it recalled millions upon millions of vehicles because of the problems with their accelerators. now to the adoption outrage and word that the woman who sent back her adopted son with a note attached did it even while she was trying to get another child for adoption. the report comes from abc news information from sources at the sheriff's department. remember the woman in shelbyville, tennessee adopted this kid from r
, breaking news on the consumer from steve liesman and smoking gun at toyota. e-mails sent in january warning the company it should come clean about its recall problem. all that still ahead as "squawk box" continues. >> announcer: as we head to the break, here's a look at the widely held stocks. "squawk box" on cnbc returns after this. we are first in business worldwide. >>> here's a disturbing story. a senior toyota executive tried to warn the automaker that it needed to "come clean" on a safety defect affecting accelerator pedals according to an e-mail sent back in january. phil lebeau joins us now with more. phil? >> it was sent from erv miller who retired from toyota shortly after the recall of defective pedals was sent out. it's one of 70,000 documents being looked at in washington and the damaging part of this e-mail from erv miller says that we have a tendency for mechanical failure in accelerator pedals of a certain manufacturer on certain models. we are not protecting our customers by keeping this quiet. the time to hide on this is over. we need to come clean. i believe that jim lent
gadgets. on the ford side of things, you have ford benefiting from the mess at toyota. they have a phenomenal run, and alan mulally is doing everything right. i own for it the clients, but i don't know if i would add to the positions now, but if you have maalox and willing to take a risk, i am owning toyota at this point both for myself and clients. it is a little bit more of a gamble, but you are banking and banking that most of the bad news is baked into the stock price. >> well, it is a great point. of course, the first quarter has been better than expected on a lot of fronts, but we are waiting on evidence of end market demand, revenue growth, and are you seeing that? >> in places we are seeing the revenue, but it is one of the things coming stock by stock and we know that the auto market is stronger than you would expect, and the same with technology if you see what twe get out of apple and not so much nokia. we know that palm is not doing so well, but radio shack is pulling out of that. you have to pick and choose your places. i am not buying the market as a whole, but the
fines up to $27,500 per passenger. >>> toyota has resumed sales of its lexus, suvs. one week after a recall. about 10,000 suvs were recalled because of possible rollover dangers. toyota says that dealerships now have the equipment for the vehicle's stability control system. the announce many came after consumer reports issued a rare don't buy rating over concerns the vehicle could flip in tight turns. toyota says that the suvs will be safer than ever. >>> the government is recalling more than 200,000 cribs for safety concesafe ty concerns. the consumer product safety commission says the tubular metal support frames on the simplicity full-sized cribs can bend or brake. causing the mattress to collapse. and at least one suffocation death and 13 other incidents have been reported to the cpsc. the graco-drop side cribs are being recalled now because of entrapment and suffocation hazards. 99 complaints on that problem have been filed so far. the company offers a hardware kit to mick a fix. for more on the recall visit nbcwashington.com and search crib. >>> still ahead on "news4 at 4:00"
are calling her major fashion don't. not carrie! >>> plus, toyota has decided whether it wants to fight a $16 million fine for the sticky gas pedal problem. when i grow up, i want to fix up old houses. i'm going to work with kids. i want to run a marathon. [ female announcer ] at aarp we believe you're never done growing. i want to take him on his first flight. [ female announcer ] discover the best of what's next at aarp.org. here's what we can do with 4g from sprint. using the overdrive 4g mobile hotspot, jimmy's playing some video game online, jenny's video-chatting with a friend, and i'm downloading a huge presentation. and while that's happening, we'll enjoy some family time. [ computer beeps ] that was good. what can you do with 4g? [ male announcer ] experience 4g from sprint. it's more than a wireless network. deaf, hard-of-hearing and people with speech disabilities, it's a wireless revolution. access www.sprintrelay.com. >>> our military folks watching, today's salute is for an entire family, actually. it is from bruce and vivian kimball to their four children in the air force. two
national. go like a pro. >>> welcome back to quaelt the call." breaking news from toyota. a week and a half after recalling around 5,000 lexus gx 460 and two weeks after suspending sales of the luxury suv, toyota has a fix in place to fix the stability control issues with that vehicle. the company is now going to resume sales of the lexus gx 460 and will start contacting owners of those 5,000 who have already bought the suv so they can come in and get the software upgrade. again, toyota, resuming sales of the gx 460 two weeks after suspending sales. trish, back to you. >> phil, thank you so much. >>> we have seen upside in europe and certainly huge volume in spain's exchange-traded funds on the back of the country's downgrade, as well as heavy volume in the italy etf right here. what about portugal and ireland? what are we seeing there? bob pisani is joining us live from the new york stock exchange with a look at all the etf trades. what do you see? >> weekly look at the etf business. you can buy and sell the whole country stock markets using exchange traded funds. take a look ewp is the sy
this time. >>> moving on, it could be the smoking gun attorneys suing toyota needed. an internal e-mail obtained by cnbc showing a senior toyota executive warned the automaker to "come clean" about faulty accelerator pedals. phil lebeau covers the auto beat and just about everything else for cnbc, is live in chicago. phil? >> reporter: and david, this is the so-called smoking gun memo, although that might be overstating it a bit. it was a memo send by irv miller, who retired from toyota, a lead executive of toyota, from january 16th. here's the note in the memo getting the attention, revolving around whether or not they should alert the authorities about pedal defects. it says, "the time to hide on this is over. we need to come clean, and i believe that jim lentz and yoshi inaba were on the way to d.c. for meetings with nhtsa to discuss optioned." the so-called "come clean" e-mail sent five days before nhtsa was alerted of a recall from toyota of 2.3 million vehicles with faulty gas pedals. remember, last week, toyota was fined $16.4 million by the d.o.t. because it was slow in ena
since buffett bought the railroad. another recall for toyota, this time it's sequoia s.u.v.s. 50,000 vehicles bought in early 2003 are being recalled to fix a software glitch that causes a delay when accelerating. the recall comes nearly a year and a half after safety regulators began looking at the problem. toyota says there have been no reported injuries or accidents due to the issue. dealers have been notified and about half of the recalled vehicles have already been repaired. >> tom: a first of its kind energy project got the green light today from uncle sam. a 130 turbine wind farm in the waters off cape cod, massachusetts is scheduled to start construction later this year. the $1 billion facility is expected to produce enough electricity to power 400,000 homes. german conglomerate siemens will supply the turbines. opponents say the project will endanger marine life and commerce in the area, they plan a lawsuit to stop it. >> susie: for the past few years, the home furnishings sector has gotten hammered, especially high end chains like ethan allen. but the company is showing
. "consumer reports" issued a safety warning on toyota's 2010 lexus gs 460 suv because of an increased roll-over risk during a turn. the magazine says it uncovered the problem during routine tests and is urging car shoppers not to buy the gx 460 until this problem has been remedied. toyota owns lexus. it's the first time the magazine has issued a don't-buy recommendation on a toyota product. toyota says it will try to duplicate the "consumer reports" test to determine if appropriate steps need to be taken and that consumer safety and satisfaction remain their highest priority. so that's the lexus suv. the gx 460. >> more problems for toyota. >> bleeding over into lexus, which is the one place that the damage has been contained had never been smearing on lexus until now. it's terrible. >> andrew, by the way, you wrote an article today in "the times" talking about how the banks have actually paid back their money. correct? >> you know, it's absolutely right. i wanted to take a look at the idea that maybe these bailouts, in their own way, have worked, from a mathematical perspective. we're now
this morning, consumer reports are out with a shocking new warning on toyota lexus. you'll want to hear this. so still around. kevin ferry has the story from the futures pits. stay right here. >>> welcome back, wieveryone. it's being reported that toyota's lexus gx 460 suv is a safety risk. consumer reports says they're urging consumers not to buy this suv until rollover risks have been resolved. you to toy is responding that it's concerned with the reports and that its engineers condition duct similar tests. it promises to try and duply indicate the tests to see if steps should be taken. >> you didn't say anything about accelerators sticking, did you? >> no. this is a completely different problem. >> do they typically buy a car? >> no. it's a rare thing. there have been other suvs that have had problems. >> rollover risks? >> yes. >> that's what people worry about. >> they're so top heavy. anyway, we'll have more from phil coming up at the top of the hour. right now, let's talk about the trading day ahead. kevin ferry is standing by at the cme group. kevin, we've pushed above 11,000, just b
50 years, toyota has been proud to be a model of quality car making. but recently, the safety of our cars and trucks has come under question. and at toyota, this is something we don't take lightly. that's why we're making fundamental changes inside our company, to communicate with customers better, and respond to their needs faster. in addition, we're currently spending over a million dollars an hour to enhance the technology and safety of our vehicles. the result? our comprehensive star safety system is now standard on every vehicle we make. ♪ don't get us wrong, we know actions speak louder than commercials. but just know, your safety will continue to be a top priority in any, and all of our decisions. ♪ [ female announcer ] it's red lobster's festival of shrimp... a chance to get everyone together for a night where everyone gets just what they want. combine two or three favorites, from new creations like crab-stuffed shrimp and pecan-crusted shrimp to classics like decadent shrimp scampi. it's everything you want in a night out. starting at just $11.99, during the festival of
conditions returned to normal. toyota lost $4.1 billion this year. the u.s. car maker says it was profitable in its key north american market, but it also made money in asia, latin america, and europe. ford's sales were up 37% on the quarter. benjamin netanyahu will renew peace talks with the palestinians. in a speech to his supporters, he said he had heard that the palestinian leader intended to resume indirect negotiations. >> not to our next story. shares on the stock exchange have suffered their greatest folly in months. the greek debt crisis is being blamed for the drop. stocks in the u.s. also failed after the greek bonds were downgraded to junk status by a leading credit rating agency. there are doubts that greece will pay off its debt, despite international lines. portugal's debt has also been downgraded. here is our correspondent. >> when we hear the we"junk," this is what -- and hear the word "junk," this is the kind of thing we think of. stuff that can be sold for a bob or two. but there is also jumped in at the blinking world of financial markets. and the bonds of other governmen
, everyone. check out toyota. halting sales of lexus suv a day after consumer reports said it had handling problems. toyota trading up almost 1%. melissa. >>> crude on the back of surprising inventory data. take a look where oil inventories are trading right now. they're up almost two bucks on the day, better than 2%. 85.89 the last trade there. sharon epperson joins us live from the floor of the new york mercantile exchange. sharon? >> seen a spike in prices since that number came out a little over an hour ago and the bulls in good steady. the reversal that we saw on record volume here to above $84 for a the barrel and remaining above that level before the number came out and then we get the surprise decline in crude supplies and everyone was expecting a bill and we have seen bills for ten straight weeks and that is something that folks are paying attentions as we make our way back to the $87 level. sure omecis saying $70 to $80 is the range because oil fundamentals look like it but we are looking at prices that seem to be in a new range right now and veteran trader here on the floor with
's forecast looks better. >>> toyota is announcing another recall, it is a 2010 lexus gx460, which "consumer reports" said could roll over when you make a high speed turn. toyota insists the luxury suv is still save as long as you take the turn slowly. a software update will fix the problem. for more information about g to cnn.com/rob cnn.com/robin. >>> arizona has just passed one of the toughest immigration bills in the country. it still needs the governor's signature but it would basically require officers to check the documents of anyone that they suspect might be in the u.s. illegally. correspondent richard lui, the critics say that this is legal racial profiling. >> what they do is believe these critics do, it leaves it up to the officers to basically make the determination if one looks like they're an an illegal citizen. alejandra gomez is afraid all latinos will be a target of police harassment if the government signs this bill into law >> right now the way things are being targeted is that all latinos are undocumented and that's absolutely not true. i'm a citizen and i'm if i'm pulle
. >> other stories new this morning at 14 minutes past the hour. toyota's faulty gas pedals bring on the largest fine ever imposed to the auto industry. the automaker is expected to agree to pay the government more than $16 million for waiting four months before reporting problems. >> you'll love this. five major airlines backing off plans to charge passengers for carry-on bags. spirit airlines recently announced a $45 fee to store bags, yes, in the overhead bins. chuck schumer got involved. he got delta and jetblue to promise they will not follow suit. he is meeting with spirit's ceo tomorrow. >> we actually had him on the show and talking about that whole thing and christina did a little breakdown of what you're getting when you fly these days. >> unbelievable. >> but we're talking about goldman sachs and the sec accusing this huge bank of fraud. >> a fraud charge for goldman sachs, a company that has minted money over the past 15 months, a company that took bailout money over a year ago, now charged with fraud by the sec. this story is just getting started. the drama started to
to earn 36.5% of the bank after the capital raising. >>> ross, toyota says it managed to boost global production in march by a whooping 96.7%, relative 770,000 vehicles. but the steep gain is largely on the back of low comparison figures from march 2009 numbers when the company was adjusting to a plunge in demand in the wake of the global financial crisis. still, things could be looking up for the embattled automaker. the nikkei reporter this weekend said impressive operating profit of as high as half a billion dollars for the financial year. above market consensus. this is attributable to the weaker yen and cost-cutting efforts. toyota shares getting a boost up more than 3%, 3690 japanese yen. >>> and still to come on the program, we'll take a look at what's moving the stock markets in our european stock watch. right after this. >>> look at the view of times square early in the morning in new york. 22 minutes past 4:00. eurozone governments a little bit lower today. investor tensions still very much, the ten-year note yield has dropped at 3.04%. ten years, huge week of auctions this
to 11,000. >>> and the tale of two automakers. toyota and ford are both expected to post monthly sales profits. and whether you're waiting for a shipment or waiting online, the ipad frenzy is under way. we'll check all the hype, next on cnbc. ♪ as you can see, this isn't your typical midwestern farm. the reason lies six thousand miles away... in japan, where a producer of specialty eggs needed corn for feed... grown to precise standards. cargill identified the producer's needs, then introduced an illinois farmer to grow the exact corn needed... and developed a system to ship it separately, connecting the farmer with a japanese customer... who was very appreciative. this is how cargill works with customers. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big
defect and it affects the acella. we had talked about toyota suspending worldwide sales of its lexus, gx 460. also saying it's starting safety tests for all the suvs. so that stock is down 8%, as well. >>> the banking stocks doing well on the back of good numbers from jpmorgan and that helped south korea's kospi push higher. the banks in south korea also doing well because moody's yesterday updating -- or upping the sovereign ratings and it does show that the financial health seems to be a little better. so good gains for the financials in south korea, as well. and on that note, i'll send it back to nicole in the u.s. >> and saijal, for all of you procrastinators out there, there is less than 20 hours to file your federal income tax forms. up nextwell, we will talk to john hewitt, a pioneer in the tax industry, coming up. ♪ well, look who's here. it's ellen. hey, mayor white. how you doing? great. come on in. would you like to see our new police department? yeah, all right. this way. and here it is. completely networked. so, anything happening, suz? she's all good. oh, my gosh. is that
toyota, the company has told company to stop selling its lexus suv. they're testing the risks identified by the magazine. it says no decision has been made whether to suspend sales and markets outside of the u.s. and canada. checking toyota shares, they were up almost 1% in shares today regaining after a slide caused by the magazine. nicole. >> christine, although paying taxes is about as popular as a visit to the dentist, most people manage to pay them every year. some people are dodging their obligations as taxpayers. check out our website to see what people do to try and fool the u.s. >>> after the break, i'll tell you why this is expected to be one of the most controversial that ubs has ever seen. >>> welcome back to "worldwide exchange." i'm steve sedgwick in europe. the time is 14 minutes past the hour. banking giant ubs faces a turbulent shareholder meeting later this morning in basul. activists shareholders are preparing to reject the bank's bonus packages as well as plans to absorb from wrongdoing. joining us for more on the groaned is complain schober. carolin, the bank seems t
an overnight session, with votes in the wee hours. toyota has added 50,000 sport utility vehicles to its list of recalls. the sequoias were sold in the u.s. during the early part of 2003. the automaker said the electronic stability control system could prevent the vehicle from accelerating at slow speeds. for the record, toyota is an underwriter of the "newshour." in thailand today, a standoff between security forces and protesters known as "red shirts" erupted into new violence, on the outskirts of bangkok. we have a report from nick paton walsh of "independent television news." >> reporter: when the red shirts said they'd take their seven week old protest from bangkok's center, to across the town, it was pretty obvious they'd soon run into an army, here in number to contain them. and if they were looking for trouble, they soon found it. ( gunfire ) amid the traffic and the sticky heat of a highway, they took pot shots at each other. it's become a new way of talking in a long conflict that many worry could drift into civil war. the police pelted with anything from rocks to bottles. and prote
. ♪ [ male announcer ] over the past 50 years, toyota has been proud to be a model of quality car making. but recently, the safety of our cars and trucks has come under question. and at toyota, this is something we don't take lightly. that's why we're making fundamental changes inside our company, to communicate with customers better, and respond to their needs faster. in addition, we're currently spending over a million dollars an hour to enhance the technology and safety of our vehicles. the result? our comprehensive star safety system is now standard on every vehicle we make. ♪ don't get us wrong, we know actions speak louder than commercials. but just know, your safety will continue to be a top priority in any, and all of our decisions. ♪ i'm going to own my own restaurant. i want to be a volunteer firefighter. when i grow up, i want to write a novel. i want to go on a road trip. when i grow up, i'm going to go there. i'm going to work with kids. i want to fix up old houses. [ female announcer ] at aarp we believe you're never done growing. i want to fall in love again. [ female
will produce enough power to power about 1,000 houses. >>> toyota is recalling sport utility vehicles from 2003. it will address the electronic stability control system. in some cases, it could activate a low speed and prevent the suv from accelerating as quickly as the driver expects. toyota says it has no reports of accidents. that is our show for this wednesday. thanks for watching. "the dylan ratigan show" is coming up next. dylan will have more on this breaking news on the breakthrough in the senate financial reform bill. he'll talk to jeff murkily. have a great day. with no artif, flavors, or preservatives. new purefitness... from crystal light. a pure way to water your body. the 57th president of the united states. ♪ ♪ ♪ [ bell rings ] ♪ [ male announcer ] at&t. the nation's fastest 3g network. this mother's day, get 50% off all messaging phones after mail-in rebate, like the pantech reveal, only from at&t. tdd# 1-800-345-2550 investment firms wouldn't even dream of overcharging people. tdd# 1-800-345-2550 in fact, they'd spend all of their time dreaming up ways tdd# 1-800-345-25
at toyota? >> well, we have been getting new customers from the japanese -- our japanese competitors as well as domestic competitors but again, i would go back to the strength of the product line because as you know when it comes to customer satisfaction and quality and all the third-party endorsements, j.d. power and consumer reports, many believe we have the finest car lineup of small, medium and large cars, utility trucks ever. it's the strength of the products. >> reporter: you're talking about production in the second quarter being up about 40%. are you looking to bring people back to your plants, start hiring again? >> absolutely. one of the neatest things we're all very excited about is that clearly now with the industry coming back and us coming back even faster because of the increasing market share that we're going to have a chance to increase production as we mentioned in the second quarter that we're going to do and now we're going to have a chance to offer great cars and careers at ford again. >> reporter: i was listening to your call this morning with analysts and you talked ab
his wife had left their home in her toyota van to get cigarettes and had not been seen or heard from since then. investigators found her van burning along caulkies mill road the day before her husband reported her missing then a few weeks later two teens found her body in woods knee owings mills. >>> a paint factory worker remains in critical condition after being hurt in a flash fire. it happened at the plant in williams port. the victim, michael burton, jr. was flown to hopkins bayview burn center with third degree burns on his face. the fire broke out during a mixing process and did more than $100,000 worth of damage to that plant. >>> now for a look at tonight's top stories. three students have reportedly been sus- sped -- suspended after a girl with cerebral palsy threatened to kill herself after being bullied by class mates. she reportedly tried to jump out of a window but the executive director of student support and safety for the school system say they don't believe the 3rd grader ever actually got in the window. he confirms at least one of the suspended students had alleged
. >> have you sold a toyota recently and if so, did it just peel out of the lot and then roll over on itself immediately or what happened? >> that's a very irreverent remark, joe. >> irresponsible. go ahead. >> both of those. in march our toyota business on unit volume was up an astounding 38%. so what i always said through the whole crisis was that what we saw on the showroom floor was the fundamental confidence and trust in toyota remained. they needed at the end of the day to come with an incentive program to deal with the situation. i asked for that. i supported that. it was the right thing to do. it continues into april. toyota will come through this and it will cost them economically but as far as their position in the market, they're going to be able to maintain it. we also saw a revival of the domestic business in the first quarter led by ford motor company. so this is broad based automotive recovery under way and you can now say unequivocally with these results in the first quarter. >> looking there at the chart. hard to believe. $3 handle in october of '08 on autonation. we've come
cars and trucks has come under question. and at toyota, this is something we don't take lightly. that's why we're making fundamental changes inside our company, to communicate with customers better, and respond to their needs faster. in addition, we're currently spending over a million dollars an hour to enhance the technology and safety of our vehicles. the result? our comprehensive star safety system is now standard on every vehicle we make. ♪ don't get us wrong, we know actions speak louder than commercials. but just know, your safety will continue to be a top priority in any, and all of our decisions. ♪ it was tough news to hear. everything changed. mom. ♪ i didn't know what to do. that's when i asked my doctor about exelon patch. he said it releases medicine continuously for 24 hours. he said it could help with her cognition, which includes things like memory, reasoning, communicating and understanding. [ female announcer ] the most common side effects of exelon patch are nausea, vomiting and diarrhea. the likelihood and severity of these side effects may increase as the do
. >> nicole, guess what? another recall from toyota. 13,000 of its lexus vehicles are headed back to the software which reportedly could cause the product to tip over. toyota says the recall will not affect the chinese market. this comes after the battered automaker agreed to pay a fine of $16.4 million to the u.s. deposit. >> meanwhile, eu transport ministers have agreed to partially open usair space. the pressure has been growing, though, to reopen the skies. the airline industry suffering losses of as much as $250 million a day. the asia cloud didn't make it as far as the canada eastern seaboard yesterday. the country sees pretty low risk from the traveling ash and normal operations have since resumed. international flights are taking off from the airport today in europe from the likes of paris and spain. last week, of course, it was a death spiral. now apparently it is a death circle. this is george soros, billionaire investor, selling cnbc that the company faces falling into higher borrowing costs. it will hurt economic activity. david kotok is still with us. david, the germa
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